Question # 3 of 15 ( Start time: 04:01:08 PM ) Total M - 1 Store incharge after receiving the material as per the goods received note, places the material at its location and makes an entry in_________ . Select correct option: Bin Card Store Ledger Card Stock Ledger None of the given options 59 Question # 4 of 15 ( Start time: 04:01:54 PM ) Total M - 1 A method by which the good used are priced out at average cost is known as: Select correct option: BCVO AVCO c.FIFO LIFO 63 Question # 5 of 15 ( Start time: 04:03:05 PM ) Total M - 1 If, Sales = Rs. 800,000 appli Markup = 25% of cost What would be the value of Gross profit? Select correct option: Rs. 200,000 Rs. 160,000 Rs. 480,000 Rs. 640,000 76 Question # 6 of 15 ( Start time: 04:03:43 PM ) Total M - 1 Which of the following cost is used in the calculation of cost per unit? Select correct option: Total production cost Cost of goods available for sales Cost of goods manufactured Cost of goods Sold 24 Question # 7 of 15 ( Start time: 04:04:30 PM ) Total M - 1 Overtime that is necessary in order to fulfill customer orders is called: Select correct option: Avoidable overtime Unavoidable overtime Premium Overtime Flex time 66 Question # 9 of 15 ( Start time: 04:06:20 PM ) Total M - 1 Where the applied FOH cost is less than the actual FOH cost it is: Select correct option: Unfavorable variance Favorable variance Normal variance Budgeted variance 64 Question # 10 of 15 ( Start time: 04:06:55 PM ) Total M - 1 Generally, the danger level of stock is fixed ________ the minimum level. Select correct option: Below Above Equal Danger level has no relation to minimum level Question # 11 of 15 ( Start time: 04:07:53 PM ) Total M - 1 Cost of Goods Manufactured can be calculated as follow Select correct option: Total factory Cost Add Opening Work in process inventory Less Closing Work in process inventory Total factory Cost Less Opening Work in process inventory Add Closing Work in process inventory Total factory Cost Less Opening Work in process inventory Less Closing Work in process inventory Total factory Cost Add Opening Work in process inventory Add Closing Work in process inventory 71 Question # 13 of 15 ( Start time: 04:10:37 PM ) Total M - 1 What will be the impact of normal loss on the overall per unit cost? Select correct option: Per unit cost will increase Per unit cost will decrease Per unit cost remain unchanged Normal loss has no relation to unit cost Question # 14 of 15 ( Start time: 04:11:12 PM ) Total M - 1 Which of the following is/are not associated with ordering costs? Select correct option: Interest Insurance Opportunity costs All of the given options 68 Question # 15 of 15 ( Start time: 04:11:46 PM ) Total M - 1 PVC company has ordering quantity 10,000 units.They have storage capacity 20,000 units,The average inventory would be: Select correct option: 20,000 5,000 10,000 25,000
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